Im wondering if that's the route to go or is there a better option?

We're considering pooling our capital to take on a project together, but I'm also wondering if it might be smarter for me to partner with an experienced investor first.

Given the details you provided, your income from your current job is not usable.

I am wondering if anyone has some insight.

Making your wonderful investment turn into a nightmare.

In an attempt to address this "fairly" we have 3 categories:Maintenance: small jobs our handymen can easily & quickly handle like faucet & drain leaks, caulking, snaking drains, tightening loose handrails, etc.Since the list can be exhaustive to define, we capped this category at $x, which is also tied to our owner approval threshold for efficiency. 

See if they have any jobs available.

But that it’s subject to the subdivision map act (going to be researching what that is today).Wondering if that is worth doing, if it would make the property more valuable to potential buyers.

Have never done that so i was wondering what i shoukd take i to consideration before purchasing a coop.

Based on my experience managing similar long-term rentals on my own for over 20 years, I don't expect this new one to be a heavy lift (but you never know).I'm wondering if and how to structure a management fee.